2012 economic outlook

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2012 economic outlook

05 Jan

2012 economic outlook

05, Jan, 2012 (2:46 PM)
The only certainty for Australia’s economic outlook this year seems to be more uncertainty, largely due to the European debt crisis and a still tentative US recovery.

Australia’s retail sector is also struggling as more and more consumers go on-line for their goods or simply save money for fear of losing their jobs, or in case of another downturn.

Will the continuing instability affect the way you either invest or consume?

Do you plan to cut back at all?

Disclaimer: The views expressed in these blogs are not necessarily those of National Seniors Australia. This blog is moderated and any content deemed inappropriate by the administrator will be removed, including comments that are offensive or discriminatory; libellous or defamatory; breach copyright, unless we have the owner’s permission to use it; or contain personal or commercially confidential material. Personal attacks will be deleted by the moderator. The use of this blog to broadcast overtly party-political messages is also prohibited. The moderator’s decision is final and no correspondence will be entered into. Any personal details shared here are public and can be found on internet searches.

This blog is now closed.

Comments (128)

John O'Grady - 12, January, 2012 (11:44)

Some people on this blog would make excellent replicas of Catholic nuns, circa 1938.Has there been a recent geriatric convent breakout in QLD??
John O'Grady - 12, January, 2012 (11:37)

Bob B, I too am a DSLR enthusiast. I have a Nikon 90 with a cheap & nasty lens, an 18 - 80 mm 3.5 - 5.6 which is quite limiting. I really, REALLY want something that will admit lots more light and allow greater creativity. May have to wait for Santa again! I can easily justify it for my work, (Real estate)it is the damned dollars, that is, the missing ones!
I have always been fascinated with cameras and what can be done with them. The digital age has expanded this a bit and added the immediacy factor. There really isn't any reason now for anyone to have to put up with a crook shot. Ahhh, dream on ...!
Robyn - 12, January, 2012 (9:43)

I wonder what has happened to fellow cultist ETS? Has he been saved by an 'exit cousellor'?
Robyn - 12, January, 2012 (9:38)

One would nod away when in the presence of a saviour I guess. Since I am deemed a cultist also, it is odd that I have never met a saviour.
Bob B - 12, January, 2012 (8:32)

I can't help myself for the image is so strong.

Can you just imagine the lunch at NSA with a table full of old ladies all sitting there like the nodding dog we had years ago on the car hat rack!! I wonder if the hats are modern? The road is curtainly an outback Queensland dirt road.
Bob B - 12, January, 2012 (8:26)

Robyn

Not only have I been a cult member for seemingly years, I have apparently achieved #1 status at least first in 2012 without even trying. A full list will no doubt be provided for us soon as we all get back to it after the break.
Bob B - 12, January, 2012 (8:21)

A break from voluminous ramblings is highlighted!!!

Enjoy.
Lorikeet - 12, January, 2012 (8:01)

Have a lovely day sniping away, won't you?

Meanwhile some of us will continue to do our best to save the nation from a race to the bottom.
Robyn - 12, January, 2012 (7:59)

Sue Do-Nim,

I agree with your comment 12 Jan (6:35) completely. Even when one does have children or grandchildren to explain things, one still needs to retain the information and that seems beyond me.

Bye the way, congratulations on achieving "cultist" status. Won't congratulate you Bob B since you have been a member of the cult for ages.
Lorikeet - 12, January, 2012 (7:58)

For those who aren't already aware, a trio of intrepid federal politicians launched the new Australian Farming and Manufacturing Program in Ballarat, Victoria on 12 December 2011. These were:

Senator John Madigan (Democratic Labor Party, Victoria)
Senator Nick Xenophon (Independent, South Australia)
Hon Bob Katter MP (Independent, Queensland)

Further launches will be held in South Australia on 25 January,in Queensland on 17 February, and on the lawns of Parliament House in Canberra on 16 March.
Kay Kelly - 12, January, 2012 (7:51)

rmcn:

Our feathered friend's most recent blogs have contained quite a few of the 'dictionary' words I referred to earlier. And, as if anyone has not been told about her studies of 'destructive cults' etc. One of these is probably the DLP. Ho hum!
Lorikeet - 12, January, 2012 (7:47)

I have better things to do today than put up with the usual snipers.

Apart from the usual tasks, I am having lunch with a group of nice people from the local NSA branch.
Sue Do-Nim - 12, January, 2012 (7:14)

…destructive controlling cultists..social psychology group dynamics..mind control and manipulation.
I assume this is a D.L.P. meeting??
Bob B - 12, January, 2012 (6:57)

No Lorikeet, I didn't accuse you of manipulation, though you do do that, I accused you of poor interpretation of what I wrote.
Bob B - 12, January, 2012 (6:54)

I wonder what this button here does? Lets push it and find out! Oh, bother, that was the reset button because it just rebooted and I've lost all that stuff that took all yesterday to do.

Sometimes it helps to read the instructions. One can't get all by osmosis from the designer.

One button on the keyboard never used by one person in particular must be the F1 button.
Lorikeet - 12, January, 2012 (6:46)

All of the usual detractors are only proving that they know they have been outclassed on both knowledge and understanding.

For those who aren't aware, I have studied Social Psychology and Group Dynamics, and Mind Control and Manipulation as they apply to Destructive Cults.

Next the schoolyard bullies try to accuse me (again!) of deliberately manipulating the readership.

Instead they should drag their heads out of the quicksand and look at the world as it really is. Even then it will take quite some time and involve a lot of interactive study to be completely in the picture.

I guess they must find it easier to mock and deride various people across the blogosphere.
Lorikeet - 12, January, 2012 (6:39)

Sue-Do-Nim

Technological processes are quite simple to understand if you just use ordinary logic.

If you purchase any new equipment, firstly throw the written instructions over your shoulder, and then work it out yourself.
Bob B - 12, January, 2012 (6:39)

Sue Do-Nim

We have been targetted quite incorrectly. How one could say our comments "are trying to limit debate and understanding by encouraging people not to use their own evaluative skills" is quite beyond me. Never matter, I shall not change nor ponder the cause of such misinterpretation.

The one relief I am thankful for is that she is totally unknown to me. Could you imagine her as a neighbour! She will, of course, claim her neighbours love her. That's just the way it is.
Sue Do-Nim - 12, January, 2012 (6:35)

I think most of we “oldies” would embrace new technology if its basic aspects were explained to us using plain and simple terms and not the mumbo jumbo jargon that computer geeks seem to embrace.

I don’t care if my computer has 4million Gigs of RAM thingies or windows Xp7Vista or whatever…I just need to know how it can improve my lifestyle, save me time and best provide a bit of cheap entertainment.
We only need to use what we need to use…so that we aren’t overwhelmed.
Those who have children or grandchildren available to explain the fundamentals and demonstrate how these devices work are fortunate indeed.
I wonder if there’s a “technology for dummies” website anywhere that explains the basics.
Kay Kelly - 12, January, 2012 (6:17)

rmcn:

I think we could compile a feathered friend dictionary! There is a list of words that occur again and again ad nauseum! All you then have to do is rearrange these words from time to time and all blog topics are covered! Quite simple really! And no sensible explanation can ever be provided. Feathered friends interpret what is on TV, the web or in the newspapers in an entirely original way - some evil conspiracy that no one else ever sees!
Lorikeet - 11, January, 2012 (20:36)

Sue-Do-Nim and Bob B. are trying to limit debate and understanding by encouraging people not to use their own evaluative skills.

When I volunteered as an Exit Counsellor, similar attempts were made by destructive, controlling cultists.

I am sure we could all live without these people's ongoing derisive comments.
Lorikeet - 11, January, 2012 (20:29)

rmcn:

Surely you have seen the lady from Cheapskates who has been telling women they can feed a family of 4 for $30 a week?

Haven't you seen the recipes which stretch meat twice as far? Or butchers mincing prime beef because no one can afford to buy it?

Haven't you seen Australian and USA programs with doctors pushing a diet containing mostly noodles and vegetables?

If you live in Qld, you would have received a copy of the Food Plate Diagram put out by Queensland Health under Peter Beattie (Labor). It was very low in protein and dairy foods and top heavy with carbs.

Qld Labor is now financing Green "opponents" in their quest to get everyone onto a Low Carbon Diet. They gave out $300,000 last year in my electorate alone.

Have you ever wondered why the Japanese have stockpiled 1,500 tonnes of frozen whale meat, and are still out hunting down more?
Sue Do-Nim - 11, January, 2012 (20:03)

Dear rmcn:
There is no explanation..
It's merely attention seeking.
Come in spinner!
rmcn - 11, January, 2012 (19:05)

Lorikeet, could you please explain to me how we are being groomed by the media to accept a cheap peasant style diet??
I really have no idea what you are talking about! I dont see that I am encouraged to live on thin gruel, or a plate of parsnips.
Is there some secret message being transmitted from your TV set, or in the newspapers you read?
Thankfully it hasnt reached me and I still manage to enjoy the food that I like.
But I really would like some sort of explanation as to your comment!
Bob B - 11, January, 2012 (14:55)

Thanks for the u bute input on the iPad guys. I will go and have a closer look at the Apple store nearby in the near future. A small laptop was on the list of things useful for holidays but the iPad may be a worthwhile tool. My daughter loves hers.

I am though on the growing finge of photographers who adore the SLR. Do have smaller much lighter cameras (two) for travel but don't like the limitations of phone cameras etc. My SLR camera bags exceeds 4.5 kg. I want to be able to make my own decisions about exposure (of photos and me to I guess).
Bob B - 11, January, 2012 (14:47)

Arabella

Welcome.

How do see this blog? Topics are selected for us to discuss providing an avenue for seniors to communicate their views on that topic. This serves several purposes providing for the individual and for NSA.

I opine that a blog which simply calls for members input to solely satisfy NSA needs would wither quickly. In any case how would that be controlled? We are lucky that our comment is posted first and, if deemed outside the square, removed by the moderator.

Personally I find it useful as it keeps the grey matter going, enable research and provides views for NSA to use aas they see fit. If most support a view or, conversely, bag it, NSA would have useful input. Also, reasoned arguement on any seniors matter would be useful.

Participate and see how it goes though beware, weight of commentary does not necessary mean one is knowledgeable or expert - the same as real life really.
Lorikeet - 11, January, 2012 (14:01)

I don't think Australia has priced itself out of the world market.

A lot of money grubbing scumbags get their goods made in third world nations at very low prices, and then sell them to Australians at an absolutely criminal mark up.

If the government wanted to protect Australian industries and the jobs of its own workers, it would adopt a Protectionist Trade Policy.

Even Labor's Nobel Laureate Communist Economist saw a place for Protectionism once unemployment levels began to rise.

Instead global players continue to dominate markets, abuse workers and consumers, and send numerous small to medium sized businesses to the wall.

The manager of a private clothing and shoe sales store said he would be very pleased to sell Australian Made if he could actually access any goods!
Lorikeet - 11, January, 2012 (13:41)

This map shows the member states of the EEU:

http://europa.eu/abc/maps/

Arabella:

Your take on what this blog is meant to be used for is completely accurate. It is certainly not meant to be used by a small group of people to constantly attack the same person.

There are other blogs which are more like Chat Rooms or places to exchange recipes, gardening tips etc.
Lorikeet - 11, January, 2012 (13:34)

The European Economic Union comprising 27 nations (of which Greece is a part) was established with the sole purpose of bringing member nations down to the lowest common economic denominator.

Numerous bailouts have taken place and more and more nations are teetering on the precipice of economic collapse.

On the TV news, we hear that they have seen exactly where they have gone wrong, but this is just junk television cooked up to fool the unwary.

President Klaus from The Czech Republic has even told us he is sick of being ordered about by Brussels, in his address to the National Press Club a few months ago.

The United Nations has the same plan of action for the rest of the world, which is why Kevin Rudd said he wanted an Asia/Pacific Economic Union by 2020.
Robyn - 11, January, 2012 (12:13)

Forgot to say that viber connection is free world wide so it's great for travelers. Also does SKYPE. You do need WI-FI connection though to operate it. I think most hotels have WI-FI these days.
Robyn - 11, January, 2012 (12:04)

I have the iPad 2 and yes it does have a camera. It is the best thing I have ever owned and well worth the cost. One of the aps, " viber", provides free telephone calls and texts and photo sending to others on viber, who have iPhones or iPads. It does play up on me now and again, like yesterday, and when it does I don't know what to do. Luckily my son does :-)
boonsoon - 11, January, 2012 (11:21)

Bob B
I overlooked to tell you that I believe the iPad II has a camera incorporated. Check up on this..
boonsoon - 11, January, 2012 (11:19)

Bob B
"I don't have an iPad but can envisgae buying one later on as long as I can download pictures taken on my camera and adjust them on holidays etc."
I can tell you this:
If you own a smart phone you dont need to own a real camera; use your iPhone to take photos while on the move; from there you can email it to your computer (desktop or laptop); if you have downloaded iCloud it will sync...
I am still learning how to use an iPad effectively (mine is iPad I ).
boonsoon - 11, January, 2012 (11:07)

John B
"Yes, we should continue to maintain a steady course. The turmoil we see about us is typical of spending more than is earned. Governments continue to do this to keep people happy and have for centuries. So at some time the good people have to pay!! "
I fully agree with what you said. Look Greece got into such a deep problem partly because of spending excessively to host the Olympics; such as building stadiums and the accommodations to house the people taking part. Another example : US have been spending excessively in keeping its troops all over the world. Finally, Obama has decided to cut down spending on its program to the Space Station and to recall its troops from Iraq...
One needs to learn to spend within what it earns !
Lorikeet - 11, January, 2012 (10:38)

We are constantly being groomed by the media to accept a cheap peasant style diet, deficient in protein.

I would encourage other members to take particular notice of what is being dished up on national television to determine the mindset into which we are being indoctrinated.

I think the new ridiculously low cholesterol limits we are now encouraged to achieve are more about limiting our access to dairy products and red meat than anything else.

We are now expected to have a cholesterol reading lower than that of Nathan Pritikin. As many will know, he lived on a very frugal peasant diet for many years in his efforts to combat leukaemia.
boonsoon - 11, January, 2012 (10:37)

I earnestly believe it is time to invest in the local share market selectively. I will also cut down on my spending on non-essential items. My reason being, Cash is going to be 'king' in view of the many uncertainies around us today. Civil unrest in the Middle East and North Africa, sovereign debts problem in Europe and the US is also cutting down heavily on its army. A deep recession may possiibly by on the way. Who knows ?
Lorikeet - 11, January, 2012 (10:31)

I support capitalism, but not massive global corporations running everything, which will eventually result in a corporate neo-communist regime.

Not everyone would support limits on payouts to CEOs, because those who are capable of generating the highest returns to shareholders get the most money.

Alan Joyce (Qantas) was paid $5 million to kneecap Australian workers.

I predict a growth of "Occupy" protestors, as more and more people finish up on the streets due to unemployment and inability to pay high corporate bills for privatised assets and utilities.

As the government goes broke, it will also bring in more and more new taxes to pick up the shortfall of income resulting from privatisation.
Lorikeet - 11, January, 2012 (10:22)

I have a huge issue with ridiculous payouts to CEOs but, if the truth is known, wages have failed to keep pace with inflation, and working conditions have deteriorated over time.

The power of unions diminished greatly after a glut of workers made negotiations for improvements difficult, and membership also became non-compulsory.

Since 1985, the economy has been geared to a 2 income household, with prices set accordingly.

I believe the Australian economy is very greatly affected by fiscal issues affecting other parts of the world.

We are being geared to participate in a Global Economy, which is why Julia Gillard gave the IMF money to bail out Greece. I don't believe we have any hope of ever getting it back.
Kay Kelly - 11, January, 2012 (9:12)

Bob B.

Some excellent points made by you! The unions have achieved great things for workers in the past, but some balance needs to be maintained for the good of everyone! The obscene remuneration still received by the CEOs and the Directors of big companies sets a very poor example, and only encourages the unions to call for unsustainable pay rises.

Where is that brave politician that has the courage to rein in these excesses? Not just talk about it, but actually do something to force limits on these companies' remuneration packages! That's the politician I will vote for!
Kay Kelly - 11, January, 2012 (9:01)

WEG

I agree with your comments re the banks. Interesting stats you have highlighted there! I am very concerned with any 'cutting off the nose to spite the face' approach will prove to be very unproductive for the Australian economy. As I have stated in earlier blogs, I am an unabashed supporter of capitalism! And one only has to look on the web to see how unsustainably high our prices are here in Australia.

Robyn

I certainly think more these days before I spend, but anything that makes life a bit easier and more comfortable will get the nod from me. I do love new technology!
Bob B - 11, January, 2012 (8:47)

WEG

I too see that our high wages and low turnover have caused us a problem. Australian unions have been instrumental in achieving a lot of good for workers but now need to change to ensure those quite comfortable standards are maintained. Improvements on the margins should continue though for equitability.

This will be hard to achieve as long as the 'board' members (the bosses) continue to reap havok with their blatant greed. Therein rests an excellent opportunity for our political leaders!!

Equally, some workers 'entitlements' like 75% loading for working Sundays need to be cleaned-up.
Bob B - 11, January, 2012 (8:39)

Robyn

I don't have an iPad but can envisgae buying one later on as long as I can download pictures taken on my camera and adjust them on holidays etc.

We both use mobile phones rarely and are on a 365 day prepaid option. Mine is the Nokia copy of the original Blackberry but I bought it recently on super get rid of stock special for only $45. Works well but I've not activated the email or internet options as they are currently unnecessary and too expensive for us. Would love that capability but its not really anything other than nice to have.
Bob B - 11, January, 2012 (8:31)

I can see no point roaming shopping malls when there is no shopping necessary. I do look when in a mall though to update myself.

My now very old amplifier/tuner went bung over Christmas - the tuner no longer works so rather buying a new one I bought a 'modern' unit on JBHI special that has other features built in. It just sits on top for radio listening. But, good quality music is still available through the amp/CD player as well as tapes (too noise prone now) and even LPs if I plug the turntable in. Now doesn't age me!!!

Even though its probably a simple electronic component that failed, repair costs (labour) are too high and a replacement is out of the question cost wise.

One day I might open up the old amp and look for that failed component myself. It might be difficult tp replace as the colour coding probably won't be visible any longer.
Robyn - 11, January, 2012 (8:30)

Arabella' s comment appeared while I was writing mine and does rather highlight what I am trying to say. I also feel that I have most of what I need for a comfortable life. While I still indulge myself occasionally (eg bought myself an iPad), I am more inclined to think about need versus indulgence.

Arabella,
Is this not on topic?
WEG - 11, January, 2012 (8:22)

To suggest Australian’s fiscal problems and a possible GFC –2 is sourced from Europe (& slow USA recovery) is a political diversion from our inept and weak Federal Government. World events do impact Australia, but the economic decline lies squarely with the Labor / Green Coalition, and a fiscal (spending) stimulus / debt bubble they’ve created.

Also, the Retail / Manufacturing sectors (in the main) are going through a huge economic adjustment. Australia has priced itself out of the world market with huge retail mark-ups and high wages, and now a C02 & Mining tax amongst the many other increased tax impositions. The Unions continue to show no restraint in their increased wage demand and industrial action.

.....a melding pot for a downhill slide for small and medium size Australian businesses.
Bob B - 11, January, 2012 (8:20)

Robyn

Attitudinal change is evident though not widespread. My daughter is like me - cautious about spending but, in accord with Kay's view, OK if it helps with life.

Example. We have had an aluminium double boiler used for making brandy sauce etc. Have had trouble finding a SS replacement so when I came across one, I just bought it. The price was higher than I expected but went ahead regardless. Other than large 'boiling pots' we now have no aluminium cookware.

Cont.
WEG - 11, January, 2012 (8:16)

I read a newspaper article yesterday that the 4 big Australian Banks recorded $25bn profit last year.
It would be interesting to better understand the financial metrics (eg. ROI) associated with this return – it seems it’s not that extraordinary.

Did you know:

A third of bank profits is derived from overseas investments.
There are over 200,000 people employed by Australian banks earning wages worth around $21bn a year.
In the last five years, these banks have paid almost $40bn in tax, the biggest taxpayer of any business sector.
The Federal Government has collected an additional $3bn for the government's bank funding guarantee.
There are substantial multiplier impacts for the Australian economy (on the whole) for which the Banks should be credited for.

We should be careful not to use “sandpaper” on these Banks as suggested earlier, as we may remove the nose to spite the face. A balanced view is required in this debate.
Robyn - 11, January, 2012 (8:14)

Continued.

I know I can't generalize but was wondering if some attitudinal change is widespread. Hence my question.
Robyn - 11, January, 2012 (8:07)

Kay,

I began this discussion in my deleted comment. Basically, I was saying that while many goods are becoming cheaper, most services have become dearer so clearly, for many people, there is less money to spend on material goods. However, for myself and others I know, there has also been a shift in thinking since the 2008 gfc. A sense of making do with what one has and questioning necessity before purchasing items of interest. For example, I look at my wardrobe and think I have enough clothes to last the rest of my life and I love most of them. Hence I feel less interest in shopping for clothes. In my area there also appears to be renewed interest in op shopping and buying second hand books etc. My husband bought me a gem of a book second hand for Xmas on Juanita Nielsen's murder. (to continue)
Arabella - 11, January, 2012 (7:48)

Unless the way our economy works is changed in some sort of fundamental way, we do need to have a reasonable level of consumer spending. I don't think it is materialistic unless of course we should be sitting in the bush contemplating requiring little but a few clothes and a little food. However, where do we draw the line and call consumerism greed? I do think more about everything I spend and don't spend quite so freely. In my life I don't need glitzy clothes or gourmet dinners and have mostly what I need except for keeping up with making sure I am connected with internet, paying for petrol and getting about a bit.
Re blogs, I thought they were not a chat room but comments that National Seniors could use in research for trends etc. Is that how others see it? Don't know.
Kay Kelly - 11, January, 2012 (7:12)

(cont.)

I am always amazed at the rapid advances of technology. I am also keen to grab whatever gadgets make my life easier! So does that make me materialistic, or just determined to enjoy the time I have left on this earth as much as I can?

Perhaps, Robyn, I need a better handle on what you would consider a 'materialistic' approach to life. I do value family ties. I have zero interest in religion - a man-made control mechanism, as far as I can see - but religion does seem to help many people cope with life.
Kay Kelly - 11, January, 2012 (7:01)

(cont.)

If we weren't sufficiently materialistic, the world's businesses would be a lot worse off. Consumers buying things makes the money go around and around, creating jobs etc. If we all stopped buying 'things' the world's economy would grind to a halt and we would be all worse off!

Society changes over time for a myriad of reasons (including technology). So be it! I think it is more sensible to adapt and use the changes to your benefit, rather than complaining that things aren't as they used to be.
Kay Kelly - 11, January, 2012 (6:50)

(cont.)

I was somewhat appalled at my eldest (aged 20) grandson, though. Doing a business degree and working almost full-time on a cadetship plus running an IT business on the side, he is sponging off his parents, and sees no other goal in life except money and status. But he is already very well off financially from his own endeavours. I have no doubt he will be very rich one day, but will he be happy? Who knows?
Kay Kelly - 11, January, 2012 (6:48)

Robyn

Are we becoming more or less materialistic? I think it is a very individual thing. And does materialistic include working hard to build a business and, ipso facto, to improve the financial situation of one's family? I have two sons in that situation, but one seems more focused on acquiring status symbol possessions such as European cars. But if he can afford it and it seems some reward for his hard work (around 15 hours/day), then it that bad? I am one of those people who always see two very valid sides to every issue!
Lorikeet - 10, January, 2012 (20:48)

MONEY GRUBBING BANKS

"When Jesus turned the tables on money lenders - I hope he broke their toes!
Now despite record profits and retrenchments, we have to listen to their woes;
They face enormous fiscal difficulties, or so the story goes;
Please pass the coarse grade sandpaper, and help me tissue off their nose!
Robyn - 10, January, 2012 (20:25)

If people are becoming less materialistic, is that a bad thing? Perhaps they aren't. What do others think?
Robyn - 10, January, 2012 (20:05)

Good to have you back Kay. Yes you did miss some spicy blogs and yes, they were all deleted. Our dear moderator has turned up this year with guns at ready to shoot us down if we dare mention birdlife on the blog. Fortunately the bird is in her sights also.

That said, you have missed nothing really - just more of the same!
Bob B - 10, January, 2012 (19:09)

Woops

I did it without trying. If I really tried you would hear her in Sydney I'm sure.
Bob B - 10, January, 2012 (19:07)

Welcome back Kay. Yes it's been hot and sticky in SE Qld but some relief on Thursday we are told.

You did miss some Lorikeeteze without the usual terminology (green, pagan neo-communist etc). I am now undisputed number one on her list by those deleted comments. An awful person. And, confusingly, I did it with trying.

Anyway we seem to have left the topic as you have seen and are meandering along meanigfully quite happily. Your welcome to join us when ready.
Lorikeet - 10, January, 2012 (19:04)

I think people are being forced to become less materialistic as their available incomes shrink.

Anything advertised on special is very quickly snapped up. This is a certain sign that we are all going financially backwards, according to The Plan.

Over the Christmas period, Brisbane people responded very well to Foodbanks' pleas to help the 100,000 people who cannot feed themselves from week to week.

But there is a downside to all of this generosity. The government appears to be landing a large chunk of the welfare bill on the general community. Each year the problem becomes worse.
Kay Kelly - 10, January, 2012 (18:55)

Drove from Sydney to Port Macquarie yesterday, and home to Brisbane today. Boy, is it steaming hot up here! Very different from last January! But it is good to be home again!

Anyway, I clearly missed some spicy blogs - if they were all deleted, that is! So 2012's NSA Blog has started true to form?

I find any thought of restricting water tanks ridiculous. Of course here we don't have reticulated water, and hence rely on our water tanks entirely. But most water in built-up areas just runs off hard surfaces (roads, house roofs etc) into rivers/the ocean. A complete waste!
Robyn - 10, January, 2012 (18:18)

My computer has been playing up since I last posted. Just got back thanks to my son's directions. GEE! Lots of wipeouts! Our moderator is starting the year with strong resolve. Some sense has gone missing but I'm not complaining.

John,
I have also holidayed at Sawtell, many years ago, and yes indeed it is a beautiful place. Good to hear that it is still quite unspoiled.

In my last wiped out comment I asked the question: are we becoming less materialistic? Did anyone answer?
John O'Grady - 10, January, 2012 (10:13)

I am back at work after thoroughly enjoying two wonderful weeks on the beach at Sawtell, NSW. It is a great place, quite unspoiled by overdevelopment and far enough away from Syd/Bris to not attract the crowds.(Not that I have anything against crowds, they are just a bit of a pest when one is trying to buy a beer!)
Nothing has changed in here; Robyn and Bob B are rolling along on their cheerful way, trying to make sense of things, a couple of new people, Lorikeet shovelling out spite by the truckload, wlecome to 2012!
Bob B - 10, January, 2012 (7:08)

Robyn

I saw no mention of inference or resentment in your comment: does this mean she knows she displayed resentment herself whilst denighing the fact?
Bob B - 10, January, 2012 (7:02)

Robyn

I seem to have number one spot already this year and I didn't even try.
Robyn - 10, January, 2012 (3:17)

Of course anyone suffering illness needs to be treated. It is cruel and prejudicial to resent funding for some illnesses such as HIV/AIDS. However, I do wonder about the wisdom of plying elderly people with life extension drugs such as anti hypertensive medications when they are withering away in bedridden, muted states in nursing homes. I also wonder about predictions that we will have the means to extend life well beyond 100 years in the future. That would be something to celebrate if we weren't overpopulating the planet.
Bob B - 9, January, 2012 (20:18)

Exterminate. It was one of the top 2% - it exterminated itself. But there is more to come!
Robyn - 9, January, 2012 (18:53)

Continued because of this stupid word limitation:

I can't see the point in medicine keeping us alive beyond our "living with spirit" date. In my view, we need to be thankful for our existence and accepting of when our little "blip" is over.
Robyn - 9, January, 2012 (18:49)

Bob B,

Good to hear you have an illegal water tank hiding under your verandah. In my area they are only allowed to be used for grey water (for health reasons!!!) unless you are rated rural. Sounds like a load of poppycock - very sus!).

Your statement: "Was AIDS a check by nature that we intervened in?" brings to mind the downside of increased longevity. Like Rob Spencer, my husband and I are determined to euthanase (or suicide) before ever having to go to a nursing home. Although my mother got good care in her nursing home, her quality of life was over and I am sure she knew it. Toward the end, when she was bedridden and with dementia, I used to pray that she would die.
Bob B - 9, January, 2012 (17:15)

The daleks approach - at 7:30 tonight ABC2.

Exterminate exterminate. Who will the target? The top 2% or the bottom 2%: am I safe?
Bob B - 9, January, 2012 (17:09)

Robyn

I agree, the puplic would revolt if tanks were banned. Just imagine, today - tanks are essential to all new buildings and encouraged for existing buildings. Tomorrow - remove all your water tanks because we own the water.

No, they will at some stage play with the notion of some form of payment for the water we use from our own tank. I think that will get nowhere in my lifetime. They don't know I have mine as its under the verandah out of site from roving satellites.
Bob B - 9, January, 2012 (17:03)

Robyn

I think there are too many people on Earth now and it can't get better soon. Population control is essential for the viability of the planet in the longer term. Compulsory sterilsation might be required in the less educated communities around the world. Was AIDS a check by nature that we intervened in?

Water tanks were illegal in Queensland not that long ago. Its the bats, or more correctly their droppings, that caused this inexplicable decision (Joe time I think). He even had them removed where water was connected to a property!!!

My local councillor was totally against them in the latest push until he saw he could not get anywhere so he changed tack. He built a mega 'collection' then on his own property to show his support. Fickle objectionable man.
Robyn - 9, January, 2012 (16:50)

Bob B,

Do you think any govt in this country would get away with banning rainwater tanks? I don't think Aussies would put up with it - there would be revolution!
Robyn - 9, January, 2012 (16:40)

Economies are going down the drain due to greed and economics beyond my limited comprehension. All very bad for all of us! Goodness knows where we are all heading!

Environmental / energy/ resource problems are due to over population of our planet by humans. I don't know if there are any answers and I think we are perhaps being naive to expect politicians to solve this world's problems. They can only do so much with legislation and each of us can only do our little bit for what it is worth.

One can only hope in both areas that humankind will be clever enough to adapt to changes and devise creative solutions.
Lorikeet - 9, January, 2012 (15:36)

Water charges fit in very well with other financial issues cited by Robyn.
Lorikeet - 9, January, 2012 (15:34)

Yes, I've seen the scaremongering on TV about water also. The ABC leaves no stone unturned in its efforts to move the vote to the Far Left.

It's also another excuse to ramp up water charges for the rain which, from memory, used to fall free from the sky.

The Fat Tax will probably be followed by Sugar Tax and Salt Tax ... anything that will make the western world just as broke as anyone else.
Bob B - 9, January, 2012 (12:55)

Robyn

Its a good article with an excellent illustration by Shakespeare. I like the 140 litre of water to produce one cup of coffee. Rather puts it in perspective.
Bob B - 9, January, 2012 (12:41)

Robyn

There was also an article in the probably Courier Mail in the last couple of days talking about water tanks in domestic use being banned in some of the drier states in the US. It went on further talking about who owned the rainfall and cited some governments claiming it to be theirs. It finished up on a familiar tone on this NSA blog of taxing the air we breathe next!!! Taxing air was just jurnalistic humour to wind-up the article.

I'm surprised it hasn't been pointed out to us all yet.
Robyn - 9, January, 2012 (11:46)

The article also states "It's the biggest story in the world, yet mostly what we talk about is money: debt, growth, superannuation, savings, stockmarkets, gross national product, housing prices, wages."
Robyn - 9, January, 2012 (11:36)

In today's Sydney Morning Herald there is an interesting article on the growing scarcity of water in the world. The title of the article is "Energy use sucking up a precious resource".

How does this fit with our topic?
The final sentence states: "The world's growing freshwater stress makes the debt crisis in Europe look trivial by comparison, yet it barely rates consideration."
Lorikeet - 8, January, 2012 (21:30)

http://www.merriam-webster.com/dictionary/dialectic
Lorikeet - 8, January, 2012 (14:06)

This sounds like very heavy going:

Dialectic of Enlightenment

Theodor W. Adorno & Max Horkheimer

http://books.google.com.au/books?id=lwVjsKcHW7cC&source=gbs_navlinks_s
Lorikeet - 8, January, 2012 (12:49)

Here in Queensland, there have been reports of excessive numbers of house fires in recent times. I have to wonder how many are due to faulty installation of solar panels and ceiling insulation by shonky workers.

I'm sure Bob B. will be pleased to learn that there is a new book out which covers many of the issues I have discussed on this blog.

Detractors outside of the NSA are about to receive a reality check. I must find out the details so we can all get a copy.
Lorikeet - 8, January, 2012 (12:46)

Heather C-D:

Yes, I appreciate what you are saying about solar panels, but they have caused a lot of problems for some people.

I missed out on subsidised panels due to neighbours' very tall trees.

I have an electric hot water system which is on the Night Rate/Off Peak tariff. This means I am supposed to receive heating from 11.00 p.m. to 7.00 a.m. each day.

Instead of this happening, the service provider heats the water up on and off throughout the day as well, because their main aim is to sell all of the power generated each day.

In times of excessive demand, I'm sure my HWS gets less than its share of the power, but this is a fairly rare occurrence.

These practices used to be carried out by Energex and, since privatisation, have also been carried out by AGL.
Lorikeet - 8, January, 2012 (12:36)

I have already asked for a properly moderated blog on a number of occasions, including a post limit per day.

The opening 2 comments on this particular topic are inflammatory and directed at me. This blog has quite a number of horrible people who spoil the experience for everyone else.

Since we are supposed to be living in a democracy, no one has to read all of the blog comments. They can just post their own comment without reading anyone else's.

I cannot be held responsible for other people's lack of contributions. Some are probably on holidays, in any case.
Bob B - 8, January, 2012 (10:56)

Heather C-D

I understand your frustration but your solution, as is practiced on other blogs, leads to strangulation and a bland blog. Many won't contribute under these circumstances.

Personally, that one member demonstrates a side of human psyche few see or understand let alone know how to deal with on a day-to-day basis. If we can learn to 'deal' with that through a controlled response only if deemed necessary then it becomes 'entertaining' in a way. You don't have to read the comments but occasionally they are useful.
Sue Do-Nim - 8, January, 2012 (9:52)

Pt. 2.
“After hours” contributions should also be banned...Too many obnoxious and inflammatory comments are left posted overnight or over the weekend until they are eventually deleted by a “Moderator”.
Since this particular Blog was opened on Thursday 5th January, ONE individual has posted a total of 33%!! of all contributions.
Never mind that this members contributions are merely banal regurgitations of previous posts but they are also off- topic, shallow in knowledge base and often maliciously spiteful and offensive in the extreme.
N.S.A. ,please change the method by which comments are posted and make this forum more conducive to fairness and equity.
Sue Do-Nim - 8, January, 2012 (9:51)

Pt.1.
Maybe the time has come for N.S.A. to have a good hard look at how this Blog is administered.
I would have thought this Blog was here for the enjoyment and edification of all members and not to be usurped and manipulated by any one contributor.
Here are a few suggestions to maximise the enjoyment of this site and make it a place where fair minded debate cannot be dominated or diminished by any one person.
The present system of instantaneous posts should be abolished in favour of a “Moderator” scrutinised method which allows only a limited number of postings from a members’ registered I.P. address during the course of any weekly topic.
i.e. Multiple aliases from the same email address should no longer be accepted .This would stop shameless attention seekers from posting comments in one name and then replying to themselves shortly after in another name.
Bob B - 8, January, 2012 (9:30)

Lorikeet

On a blog such as this one we have only the comments presented in the style used by the writer to 'judge' a person. In this circumstance I think we are treated as we ask to be treated in the majority of cases.

If you see my comment as highly offensive so be it but to me it's a statement of fact on the evidence presented.

The mental picture I have of you creates an awesome comical sketch of you 'spiraling down' so, no, I expect this won't happen, kill joy. Keep the light relief up, pretty please.
Heather C-D - 8, January, 2012 (8:07)

Rob Spencer - 7, January, 2012 (15:44)

I totally agree with you. I know from my own experiences that this is true concerning loss of "income" or retirement savings etc. When I volunteered at a frail aged centre, it made me realise how many vulnerable elderly people there are .. basically all at risk because they scrimp on essentials such as health care and food not to mention clothes etc.

If only our politicians could try to live like a pensioner for a month or perhaps apply for a job in the "real world" or try to buy Australian made goods things may be different but I doubt it.
Heather C-D - 8, January, 2012 (8:02)

3. ... lorikeet

"I've seen a lot of concern expressed on national television regarding Smart Meters that have been installed in homes in Victoria, and bills being based on exorbitant "guess-timation"."

It's true electricity suppliers can guestimate your electricity useage however you can contact them and read the metre over the phone or demand that they come out and read it.

However the Smart Metres are different from what I understand. Smart Metres are used to charge electricity at different rates at different times during the day. Peak times, eg from say 7am to mid morning, then from mid-late afternoon til say 12 midnight attract the highest charges.

The Off-Peak system does not apply to those who have Smart Metres as the metre charges different rates for useage throughout a 24 hr period. Naturally the cheapest time to use electricity is sometime after midnight and prior to 7am !!
Heather C-D - 8, January, 2012 (7:57)

2. How do people survive in retirement without savings?

Quite simply ... they have a really hard time. I have friends who were retreched from the bank at aged 50+ and have never been able to get another job .. so much for policies about hiring mature aged people.

I also have a friend in a Dept of Housing unit who recently had an extended spell in hospital followed by a stay in a nursing home where she checked herself out after a week - she hated it. When she left, the nursing home charged her in excess of $600 for medications etc yet she should have had all her scripts filled on the health card (she is nearly 80 yo).

She has no money left now.
Heather C-D - 8, January, 2012 (7:53)

!. Lorikeet, most people I know put solar panels on the roof to combat rising electricity prices. We had ours installed by a reputable company WELL BEFORE any announcement was made about the rate to be paid to those who fed electricity back to the grid. However the huge increase in electricity costs over the past couple of years has been incredible. Eg, last winter, we used less electricity than we did in winter 2009 and even with our rebate of around $300 for electricity fed back to the grid, the money we owed was MORE than what we actually paid in 2009. If we could, we would put more panels on the roof as we think it will only get worse (cost wise).
Lorikeet - 7, January, 2012 (16:47)

You poor man. Surely things cannot be that bad???

The government certainly has a capacity to put the thumbscrews on the banks and make them do the right thing.

I think we should form an enormous lobby group and write to all of our elected representatives demanding immediate action.
Rob Spencer - 7, January, 2012 (15:44)

In 2007, my retirement plans were in good shape, thanks to me, my efforts and my diligence. Now, due to persons and matters beyond my control, my retirement is cracked. I am too old to attempt to rectify the situation. I am also too cynical to think the current Government will ease the situation. Seniors in or facing retirement are excused for feeling bitter that their efforts during their working life are totally for nought due to the greed of individuals and institutions and the ineptitude of regulatory authorities paid to oversee those individual and institutions.
The sadness I feel is that persons in Australia are now bleeding and face an uncertain future whilst those charged with looking after and supporting those persons glibly carry on sucking on the public teat.
For me, bring on euthanasia.
Lorikeet - 7, January, 2012 (15:40)

Jim Marshall:

Your "Low Risk" investment funds may have been used by corporates to buy up Aged Care Centres in Australia, NZ, Canada or elsewhere.

The DLP's Anglican Chaplain told me most church run Aged Care Centres are finding it hard to make ends meet and some are going to the wall.

Here in Australia, Aged Care Centre Chains backed on the quiet by The Macquarie Bank, are gradually taking over the church sector.

Churches don't currently have to pay tax as they are not from the "For Profit" sector.

For corporates to be able to buy up church-owned aged care centres, they must be using the money that ought to be returned to shareholders.

The government recently announced a plan to more closely scrutinise the financial dealings of charities. I'd say they plan to tax the churches out of existence so their corporate mates can also take over schools and hospitals.
Kay Kelly - 7, January, 2012 (13:34)

Ex-insider:

What you say about sticking to the topic sounds sensible on the surface, but it doesn't really work with this blog. Most people have their say on the Moderator's nominated topic fairly early on, and really have little more to add after that. A lot of people are happy to leave it at that.

However, a week is a long time for just one topic, especially if the topic isn't controversial enough to entice a lot of members to comment. So new topics often self-generate during the blog cycle - perhaps as an off-shoot from the original topic, or even in response to an interesting news development. So each blog does have a life of its own! And it seems to work pretty well that way.
Lorikeet - 6, January, 2012 (20:36)

Bob B:

You need to cease treating other NSA members as if they are garbage. I will not be "spiralling down" or saying "bye bye" to suit you or anyone else.

The Moderator needs to remove your most recent highly offensive comment.

Problems with energy companies are very widespread. Burying our heads in the sand will not make them go away.

Robyn:

My termite inspector has been charging $220 for several years. $110 seems like a small amount to pay by comparison.

Maureen:

Here in Queensland, Energex gave us back our security deposits some years ago. When I had to switch to AGL after privatisation occurred, I don't remember having to pay a deposit. There is a Supply Charge of approximately $8.00 per month ($24.00 per quarter).

I've seen a lot of concern expressed on national television regarding Smart Meters that have been installed in homes in Victoria, and bills being based on exorbitant "guess-timation".
Lorikeet - 6, January, 2012 (20:25)

The privatisation of pensions (superannuation) has caused most of the difficulties for service recipients, workers and pensioners/retirees alike.

It has been sold to us as a means to support ourselves in retirement, but has empowered bankers to progressively take over everything, and in the process, governments have allowed themselves to be financially disempowered.

The loss of income on what used to be government assets and utilities will cause governments worldwide to tax superannuation savings at a much higher rate to keep their heads above water.

Obama says he is downsizing his Defence Forces, but I believe they are being trained into a UN army to keep the general populace at heel, after we have been subjected to massive rates of unemployment and the increasing financial toll imposed by Corporate Greed.
Jim Marshall - 6, January, 2012 (17:33)

I am fortunate in that I own my home, albeit in a retirement complex.
I also have a car with a long life, at my rate of usage.
I have a bit of money in a term investment with one of the "Big 4" banks but this is due to mature in February.
I hear that the Japanese are investing in Australian real estate at a very discounted rate, so I am concerned this will reduce the value of the rates of my investment and if so what do I do next.
I will never forgive the way my Government decreed superannuation evaporated 25% in the "GFC" and nobody is prepared to tell me where it went from the "low return,low risk" account administered by a bank.
sandra - 6, January, 2012 (17:23)

Increase in insurance prices of Strata Titled units - up to 500% - due to the floods in Brisbane and Cyclone Yasi in Nth Qld. My personal insurance shall rise by $2,500 on my small unit in Cairns - Many pensioners buy into units thinking it a low cost/maintenance option, and it was, but this is ridiculous. There really only 2 players, and one major in the market CGU - pity our state saw fit to sell off the State Gvt Insurance Office SGIO! It shall definately cause a lot of hardship, especially with those on fixed incomes and dwindling super because of the GFC
Alan Cooper - 6, January, 2012 (16:33)

My wife and I have cut back on everything in preparation for my retirement, but, obviously, all the bills keep rising. So we've installed water tanks, solar panels and go careful with most things. But we still end up with bills, just smaller. All major items,ie.water, electricity,gas and sewerage should be owned and run by Governments. Since they were privatised (What a terrible word) everything has continued to rise and always will. If a big company has wages and overheads, no matter how much you cut back they still have to have a turnover, so the standard charge goes up. We will nev er win.
Robyn - 6, January, 2012 (16:05)

(continued)

I don't think my consumption has changed much. For quite some time our largest expenditure has been on bills (but not electricity thanks to 7 solar panels!). Already at 6 January we have a $110 white ant inspection bill and a $550 car insurance bill to pay. The car is only worth $10,000 so the insurance appears exorbitant! I do feel fortunate that I have some savings to cover all the ongoing costs. How do people survive in retirement without savings?
Robyn - 6, January, 2012 (16:00)

Happy New Year everyone.
Glad you enjoyed the rum balls Bob B.

The ongoing instability overseas does affect the way I invest because I have kept money in the bank rather than in Super. However, there is little return no matter what one does at present and no reason to feel optimistic about change in the near future. My fear that things can get worse (banks crash, major global depression etc) outweighs any regret that things aren't better or the way they used to be. At present I am just hoping that we maintain an even keel.

(to be continued)
Maureen - 6, January, 2012 (15:17)

My beef is with electricity pricing they charge us $180 deposit to get the electricity connected then hold onto this deposit as well as charging a Service Availability fee every quarter - in my book this is double dipping by the electricity suppliers to every customer. Anybody else noticed this on their bills.
dianne - 6, January, 2012 (14:24)

We have already cut back i try to buy 2 for 1, meat is chicken, saugages, mince. Eggs are very useful and still a cheap meal with many interesting reciepes to be found.Go to a fruit and veg shop and buy the quantity you need and pick your own not like the supermarket pre packed as half the quanity is usually spoiled
Bob B - 6, January, 2012 (14:21)

Lorikeet

I'm not put off with throwaway lines but I can read between the lines.

If everybody knew that (your words) then your hot water sufferer would not be in the predicament he is in nor would the solar person you refer to!!!

I won't go on about the reading between the lines other than its ongoing grandstanding and out of place here in this blog. And so early in the new year too. It seems your credibility can only improve from here!

Solution to the matter - Bye Bye, you are beyond help.
Jim - 6, January, 2012 (13:25)

Instability and insecurity go together; here in Victoria we have seen two midsize employers disappear in quick succession; Fletcher Jones (Clothing) and Heinz, Girgarre (Food processing); not only the direct employment lost, but the pay packets lost to their wider communities.

Nobody likes this: Dick Smith is right - give Australia a go - he certainly does his bit.

The same answer to both - jobs gone overseas:
Lorikeet - 6, January, 2012 (12:57)

Please everyone, keep refusing to use self-service and encourage family, friends and neighbours to do the same. Self-service makes the customer work for nothing, and lands other people on the dole queue.

Please also insist on a receipt for all purchases, so that big business cannot reduce our consumer rights.

I am making inroads in a number of places. The power of one is much more than I once thought.

The staff of Woolworths in the Brisbane CBD now seem to have stopped asking customers if they would like a receipt.

This morning I asked the Manager of the local post office to get rid of the self-service machines. There are lots of us to get the job done, and plenty of stubborn people already digging in their heels.
Lorikeet - 6, January, 2012 (12:49)

Okay, Jeff, what are we going to do?
Lorikeet - 6, January, 2012 (12:48)

Robert:

We can stop it by withdrawing from various international treaties signed in the last 36 years. This will create a level playing field for Aussie farmers and manufacturers, and Aussies will be able to buy quality goods that last, instead of masses of junk.

Bob B:

Yes, we know all that, but the government wants our hot water systems turned down to the lowest level. The Climate Smart technicians are pushing it when they come to our homes. From my own experience, they use scare tactics to make us afraid to turn on the clothes dryer.

Surely you have seen the program "Carbon Cops" where people are being coerced into getting rid of their cars. Even a man's little drinks' fridge had to go.

It's nice to see that the penny is starting to drop for some.
Jeff - 6, January, 2012 (12:41)

There are huge ructions coming in 2012. Those who have a "she'll be right' attitude had better fasten their seat belts. There is going to massive social dislocation in Europe and as Europe's demand for Chinese products as it must then the Chinese economy will slow which will also affect us in terms of demand for our products...mostly mining. A few days before Christmas the USA sailed across the psychological Rubicon and joined the club of nations whose government debt now exceeds their total GDP. America now owes more money than anyone has ever owed anybody...ever!!! If you believe that when America sneezes the rest of the world catches a cold then it's not hard to see why these "huge" ructions are going to happen. But there is cause for optimism especially for those who are financially prudent. Happy New Year :-)
Sue Do-Nim - 6, January, 2012 (12:39)

PART 2.
My B-I-L who has worked for Qantas for over 10 years now fears for his position because of the uncertain future of the company .His eye-opening account of what is really happening within that company is incredible. He relates stories of mismanagement and corruption within his area that he claims has been going on for years .He also told of suicides by employees that have never been publically reported.
Some of our group are small business owners who are mortgaged to the hilt and not only risk losing their businesses but also their homes as well due to the every increasing government fees, levies and taxes that provide no return to their industry but merely prop up the government coffers and provide work for an ever increasing public service sector.
It’s well and good to be optimistic for the forthcoming year but the reality is that all is not rosy.
Sue Do-Nim - 6, January, 2012 (12:38)

Happy New Year ??... some don’t think so.
PART 1.

Like so many others I enjoyed the company of family and friends over the Christmas period and one thing that I noticed during conversations was a genuine feeling of helplessness and almost hopelessness that is starting to prevail in the lives of so many.
Out of control cost of living expenses, under-performing savings and investments (if any), and a complete lack of confidence in any form of government seem to have changed the usually optimistic outlook of our little clan.
Job security is a huge concern. My sister-in-law whose career spans some 30 years with the same child care employer is facing the very real prospect of losing her job because of government red tape and interference. What chance has she got of retraining and returning to the workforce at age 57?
Robert - 6, January, 2012 (11:51)

Well folks, you only have to look where everything is made, we dont make anything here anymore, from toothpaste to car tires, it is your spending power that has done it, and it aint a gunna stop,
Bob B - 6, January, 2012 (10:45)

Lorikeet

Modern hot water systems are set at 65 degrees maximum usually by law (state thing). Its very easy to change the thermostat temperature and all you need is a screw driver to do it. Some people are dumble stumbles so must pay for smeone to do it for them.

I suggest he take it up with the installer because 65 degrees is quite hot and something is amiss (apparently) like did he buy the right system for his needs. They used to be set at 85 degrees years ago but many children were burnt so changes were made to mandate a maximum of 65 degrees. It also seems some common sense and plain thinking has gone a miss or someone wants a molehill to be a mountain.
Bob B - 6, January, 2012 (10:37)

Lorikeet

I do dispare at your alarmism.

I have solar panels and they are going grea guns even better than predicted. There are a lot of skonkies in the business and you get what you ask for. It seems to be poor workmanship and the checks after installation were not done otherwise the problems would have been detected.

When you understand the billing system and how it works you might understand the apparent over charging. Its not nice that the customer was taken for granted though but that can depend on how the customer approached the matter.
Ex-insider - 6, January, 2012 (9:18)

As a new member, it is great to see/use this blog - although I think it will only be effective while we all stick just to being on topic (ie answering the questions)! - or seek totally new questions.

The continuing uncertainty will affect my investments (bank any money rather than invest in shares. I cannot get together enough money to invest in property!) I will continue to maintain a frugal life-style so no real change.
Elaine B - 6, January, 2012 (8:28)

In Qld there is no Real Estate Portfolio - largest industry in the State. Only REIQ which is only able to issue R/e Licenses? R/E is in two parts - Residential. Accommodation Hotel Motel & Resort. One is "private", other is "business". Treated separately by the ATO. The BCCM ACT (bulkiest in the nation)is overseen by the BC Commissioner? Working on whose side? We have the "view"tax problem and the contribution lot entitlements for payment of maintenance budget of a building, layered in cost, rising every level of a building? This is outrageous rubbish. The M/Rights industry as practiced in Qld is outlawed in every other state and country. In California USA it is a criminal offence to make a contract in such an unbalanced manner.
Tony H - 6, January, 2012 (8:24)

Lets be grateful we are in a lucky country however in broad terms with the State and Federal Governments in major debt problems more taxes and higher costs are a fact of life, just waiting for the GST to move to 12%.
Lorikeet - 6, January, 2012 (6:31)

I have also found that following the Climate Smart guidelines with an ordinary electric HWS results not only in lukewarm water, but also greater "hot" water usage when the washing up or shower water seems too cold.

I recently saw a film clip in which the speaker claimed that nothing was being done to clean up the environment.

Clearly our energy bills are rising despite the fact no money is being spent on Clean Coal Technologies or other pollution reduction strategies.

Senators Barnaby Joyce and John Madigan have both expressed concern that older people are staying in bed all day long in the winter months in order to keep warm. Both live in regional areas where it gets very cold.
Lorikeet - 6, January, 2012 (6:27)

On current affairs programs, I have seen quite a number of instances of people being ripped off after they have installed solar panels on their rooves, in the hope of making extra money by feeding electricity back into the grid.

When one person I know had several solar panels installed for this purpose, he found that his electricity bill remained about the same. When his installation was checked, someone had made a mistake with the connection.

When this had been fixed, he received a bill for $2000 from his energy company. He has now been in dispute with the company for months, and has clearly been charged for all of the energy produced, which they have probably managed to sell twice.

But wait, there's more! The backup hot water system has been set at such a low heat, he has to boil the kettle in order to do the washing up.
Sui Ting Tse - 5, January, 2012 (22:44)

The European debt crisis is threatening the world economy. We have few extra dollars to cut back our spending since public utility bills and council rates have risen so much in the past couple fo years. It will be tough for most Australians and people all around the world in 2012. We can only hope for the best and prepare for the worst in 2012.
Heather C-D - 5, January, 2012 (22:11)

How much more can people cut back when they have already cut back?

I know lots of people trying to manage on a pension and finding it really difficult, particularly those who don't own their own home.

Some have already said to me that they won't be using heating in winter as they can't afford the electricity bills.

Personally, our money doesn't go as far as it used to, so we'll be watching our pennies more closely this year, that's for sure.
John B - 5, January, 2012 (21:32)

Yes, we should continue to maintain a steady course. The turmoil we see about us is typical of spending more than is earned. Governments continue to do this to keep people happy and have for centuries. So at some time the good people have to pay!!
Lorikeet - 5, January, 2012 (20:43)

I intend to continue with low risk investments.

Closely kept records indicate that last year I spent an average of exactly $77.00 per week on all food, coffees, eating out and miscellaneous supermarket items, up from $74.21 in 2010. I live in a one person household.

I think I have eaten out less often in the last year, not only due to the cost, but because the food is generally more unhealthy than what I would prepare at home.

I have also tended to buy various items only when they are on special, which has probably saved quite a lot of money.

Cheapskate's Tip: When you have made a Shepherd's Pie, brown it under the grill. Cook pre-packaged fish and chips there as well. This will cost less than heating the oven, and your food will be ready in less than half the normal time.
Kay Kelly - 5, January, 2012 (16:32)

May I first wish everyone a happy and healthy 2012!!!

Yes, Bob, we too figured on some negative years for our investments, but this is ridiculous! We are still keeping our heads above water, but for how long? I always hope for the best and do my best to prepare for the worst. I think we will probably be a bit more conservative in our discretionary spending - changed my mind about an expensive Kimberleys tour, for example. As for reviewing our investment mixes - possibly.

We'll just have to wait and see, I guess!

And yes, I too intend to ignore any perverse and paranoid comment on the blog. Life is too short for such rubbish!
Bob B - 5, January, 2012 (15:31)

Continuing instability with financial markets will most certainly cause much more consideration about both expenditure and investment management. It seems the good performance about when we retired in 2000 has been lost into history. Even though we built in a buffer for the odd years or two of low performance who could have predicted the ongoing negative performances year after year after year.

Good to be back on the blog to hopefully enjoy some meaningful discussion and good humoured banter.

This year I intend to ignore any perverse and paranoid comment.

Those rum balls were just excellent and easy. Will make them again with an extra spalsh next time!

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2012 economic outlook

2012 economic outlook

Comments (128)

John O'Grady - 12, January, 2012 (11:44)

John O'Grady - 12, January, 2012 (11:37)

Robyn - 12, January, 2012 (9:43)

Robyn - 12, January, 2012 (9:38)

Bob B - 12, January, 2012 (8:32)

Bob B - 12, January, 2012 (8:26)

Bob B - 12, January, 2012 (8:21)

Lorikeet - 12, January, 2012 (8:01)

Robyn - 12, January, 2012 (7:59)

Lorikeet - 12, January, 2012 (7:58)

Kay Kelly - 12, January, 2012 (7:51)

Lorikeet - 12, January, 2012 (7:47)

Sue Do-Nim - 12, January, 2012 (7:14)

Bob B - 12, January, 2012 (6:57)

Bob B - 12, January, 2012 (6:54)

Lorikeet - 12, January, 2012 (6:46)

Lorikeet - 12, January, 2012 (6:39)

Bob B - 12, January, 2012 (6:39)

Sue Do-Nim - 12, January, 2012 (6:35)

Kay Kelly - 12, January, 2012 (6:17)

Lorikeet - 11, January, 2012 (20:36)

Lorikeet - 11, January, 2012 (20:29)

Sue Do-Nim - 11, January, 2012 (20:03)

rmcn - 11, January, 2012 (19:05)

Bob B - 11, January, 2012 (14:55)

Bob B - 11, January, 2012 (14:47)

Lorikeet - 11, January, 2012 (14:01)

Lorikeet - 11, January, 2012 (13:41)

Lorikeet - 11, January, 2012 (13:34)

Robyn - 11, January, 2012 (12:13)

Robyn - 11, January, 2012 (12:04)

boonsoon - 11, January, 2012 (11:21)

boonsoon - 11, January, 2012 (11:19)

boonsoon - 11, January, 2012 (11:07)

Lorikeet - 11, January, 2012 (10:38)

boonsoon - 11, January, 2012 (10:37)

Lorikeet - 11, January, 2012 (10:31)

Lorikeet - 11, January, 2012 (10:22)

Kay Kelly - 11, January, 2012 (9:12)

Kay Kelly - 11, January, 2012 (9:01)

Bob B - 11, January, 2012 (8:47)

Bob B - 11, January, 2012 (8:39)

Bob B - 11, January, 2012 (8:31)

Robyn - 11, January, 2012 (8:30)

WEG - 11, January, 2012 (8:22)

Bob B - 11, January, 2012 (8:20)

WEG - 11, January, 2012 (8:16)

Robyn - 11, January, 2012 (8:14)

Robyn - 11, January, 2012 (8:07)

Arabella - 11, January, 2012 (7:48)

Kay Kelly - 11, January, 2012 (7:12)

Kay Kelly - 11, January, 2012 (7:01)

Kay Kelly - 11, January, 2012 (6:50)

Kay Kelly - 11, January, 2012 (6:48)

Lorikeet - 10, January, 2012 (20:48)

Robyn - 10, January, 2012 (20:25)

Robyn - 10, January, 2012 (20:05)

Bob B - 10, January, 2012 (19:09)

Bob B - 10, January, 2012 (19:07)

Lorikeet - 10, January, 2012 (19:04)

Kay Kelly - 10, January, 2012 (18:55)

Robyn - 10, January, 2012 (18:18)

John O'Grady - 10, January, 2012 (10:13)

Bob B - 10, January, 2012 (7:08)

Bob B - 10, January, 2012 (7:02)

Robyn - 10, January, 2012 (3:17)

Bob B - 9, January, 2012 (20:18)

Robyn - 9, January, 2012 (18:53)

Robyn - 9, January, 2012 (18:49)

Bob B - 9, January, 2012 (17:15)

Bob B - 9, January, 2012 (17:09)

Bob B - 9, January, 2012 (17:03)

Robyn - 9, January, 2012 (16:50)

Robyn - 9, January, 2012 (16:40)

Lorikeet - 9, January, 2012 (15:36)

Lorikeet - 9, January, 2012 (15:34)